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24590330
24590331

3316 Martin luther king jr blvd, Sacramento, CA 95817 For Sale

HM
CA 02208812
RE/MAX Commercial
Listed by RE/MAX Commercial
$1,100,000
378 days on market
Updated 13 days ago

3316 Martin Luther King Jr Blvd, Sacramento, CA 95817

Details
APN 013-0354-013-0000
Property Type Retail
Sub Type Shopping Center
Square Footage 4,283
Units 4
Cap Rate 9.02%
NOI $99,249
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $257
Broker Co-Op Yes
Year Built 1951
Parking Spaces 4 spaces
Parking per 1,000 SqFt 0.93
Ownership 100%
Sale Condition 1031 exchange

Retail | 7.35% CAP | 4,283 SqFt

Marketing description

Excellent Investment Opportunity in Sacramento! This retail shopping center offers a strong gross rental income of $108,600 annually, with current property taxes at $5,593.76 and insurance at $3,347.00. The offering includes three parcels and four separate addresses: 3308-3310 MLK Jr Blvd (APN: 013-0354-012-0000) 3312-3316 MLK Jr Blvd (APN: 013-0354-013-0000) 3324 MLK Jr Blvd (APN: 013-0354-014-0000) Totaling approximately 0.3428 acres, the 4,283 SF retail center sits on a high-visibility corridor with 92 feet of frontage along Martin Luther King Jr. Blvd. The sale also includes the vacant lot at 3324, with ready-to-build plans approved for a 2,850 SF commercial building, adding tremendous future value. Ideal for investors seeking both immediate cash flow and development upside in a growing Sacramento corridor.

Listing Contacts

HM
CA 02208812
RE/MAX Commercial
Listed by RE/MAX Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,249.00
$8,270.75/mo

Valuation Metrics

0
DSCR
9.02%
Cap Rate
9.02%
ROI

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Additional Information

Name
Haroon Muzaffar
License
02208812
Brokerage Phone
916-204-0394
Brokerage Address
1972 Del Paso Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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